Holiday Ecommerce Sales Rose 9.3%

| MCM Staff

Total holiday retail sales, which includes November and December sales, increased 3.8% to $601.8 billion, which was in line with NRF’s projected forecast of 3.9% and $602.1 billion.

Alibaba Bans Bitcoin on all Marketplace Sites

| Erin Lynch

While Overstock.com announced last week that it has begun accepting Bitcoins as an online payment option, not all merchants are embracing the crypto-currency. The Chinese ecommerce platform Alibaba Group said in a statement that it has banned the controversial payment option from all its Taobao marketplaces.

Target, Target Canada, ecommerce, store closings, Canadian retail market, Zellers

Target: Security Breach Affected 70 Million Customers

| Tim Parry

As part of its ongoing investigation into a security breach discovered last month, Target has determined that the stolen information includes names, mailing addresses, phone numbers or email addresses for up to 70 million individuals.